Sentences with phrase «emission allowances»

Companies buy and sell emission allowances (tradable certificates that allow a certain amount of emissions) based on their needs.

What remains is the burning question: why did power companies, in the Energy Accord, not also decide to voluntarily cancel («burn») the emission allowances after the closure of those plants?

Electric utilities would be allotted, or would buy, carbon emission allowances.

Many of the emission allowances would be auctioned off, and the proceeds would fund a variety of programs, including energy efficiency.

The 40 % target, which is currently being floated in the coalition talks, is completely inadequate, and could imply only 33 % domestic cuts, due to all the extra emission allowances in the EU emission trading scheme.

The new measures will also reduce the emission allowances put on the market year on year so that emissions covered by the trading scheme will be reduced by 21 % from 2005 levels in 2020.

California has linked its program with similar programs in the Canadian provinces of Ontario and Quebec, meaning that businesses in one jurisdiction can use emission allowances (or offsets) issued by one of the others for compliance.

Although a significant number of emission allowances are freely allocated in California's program, many are also sold at auction.

Reginal Greenhouse Gas Initiative is 9 Northeast States that agreed to lower carbon dioxide emissions from the region's power plants by 2.5 % each year through an auction of emission allowances the plants buy.

They include a clear commitment to increase the 40 % target in case of linking the EU's emissions trading system (EU ETS) with other carbon markets, the way land use emissions are accounted for and the threat the existing surplus of emission allowances pose on the 2030 climate target.

While it provides them an incentive not to pollute, emission allowances offset much of what they would have to pay under a tax system.

EU emission trading reforms, known as backloading, involve withholding 900m emission allowances from the carbon market to address an oversupply of credits.

On the mitigation side, the state's cap and trade program creates emission allowances and a pot of money that can be used to to fund additional actions, whether it's public transit or other things to reduce emissions.

This positive result was overshadowed by an influx of carbon credits from the international markets as companies looked to exploit a closing loophole on the eligibility of certain methods of earning emission allowances.

Under the European emissions trading system (ETS), the 12,000 largest emitters of greenhouse gases must surrender emission allowances in line with their emissions to their regulators on a yearly basis.

Ahman, M., D. Burtraw, J. Kruger, and L. Zetterberg, 2006: A ten year rule to guide the allocation of EU emission allowances.

Second, the method regulators select for distributing emission allowances to firms is critical, and auctioning is gaining favor as the preferred approach.

Burtraw, D., K. Palmer, R. Bharvirkar, and A. Paul, 2002: The effect on asset values of the allocation of carbon dioxide emission allowances.

Power plants will have to buy emission allowances...

In mass - based trading, the traded commodity is emission allowances measured in tons.

-- The term «cap - and - trade program» means an economy - wide program enacted by Congress under which greenhouse gas emission allowances are distributed or auctioned to control those emissions under the Clean Air Act (42 U.S.C. 7401 et seq.).

Reporter, Paul Merrion appeared to find some comfort that while CCX will cease all trading of new emission allowances at the end of the year, «it will continue trading carbon offsets generated by projects that consume greenhouse gases, such as planting trees.»

For scrambling players of the money game, who will enjoying large profits from transactions in a crediting (emissions trading) scheme, any country that sets out targets that are absolutely impossible to achieve are not only valued clients who will purchase emission allowances but also an important source of market information on price forecasts.

In California, the reserve price in auctions of emission allowances has proved successful in maintaining a minimum carbon price.

But according to drafts available, the emissions data of 2005 were hardly taken into account in countries like Poland, Ireland, Flanders in Belgium, Estonia, Lithuania, Slovakia and Czech Republic, which are planning to increase the allocation of emission allowances..

Auctioning of emission allowances - The guidelines issued by the European Commission include the option for Member States to auction up to 10 per cent of the emission allowances for the 2008 - 2012 period, thus giving the possibility to gain revenues for administration.

As the European Commission releases the data on emissions of installations covered by the EU Emissions Trading Scheme (EU ETS), evidence from the markets proves that most Member States granted their industries far too generous carbon emission allowances in the period 2005 - 07.

This led to a collapse in the market price of emission allowances.

The trend will not improve if over-allocation of emission allowances through weak National Allocation Plans seen in the period 2005 - 2007 continues.

Impact of the Doha outcome on surplus emission allowances and their effect on developed country emissions

-- Where carbon dioxide (or another greenhouse gas) generated by a covered entity is used as an input in the production of algae - based fuels, the Administrator shall ensure that emission allowances are required to be held either for the carbon dioxide generated by a covered entity that is used to grow the algae or for the portion of the carbon dioxide emitted from combustion of the fuel produced from such algae that is attributable to carbon dioxide generated by a covered entity, but not for both.

-- If the Secretary determines that a reversal was unintentional, the offset project developer for the relevant offset project shall place into the offsets reserve a quantity of offset credits, or combination of offset credits and emission allowances, equal in number to half the number of offset credits that were reserved for that offset project, or half the number of reserve offset credits that were canceled due to the reversal pursuant to clause (i), whichever is less, except that the Secretary may lower this amount based on undue hardship in the event of a catastrophic occurrence.

-- The Administrator shall allocate emission allowances to invest in the development and deployment of clean vehicles, to be distributed in accordance with section 124 of the American Clean Energy and Security Act of 2009 in the following amounts:

-- Not later than 2 years after the date of enactment of this title, the Administrator, in consultation with the Administrator of USAID and any other appropriate agencies, shall promulgate regulations establishing a program to use emission allowances set aside for this purpose under section 781 to reduce greenhouse gas emissions from deforestation in developing countries in accordance with the requirements of this part.

-- The percentage referred to in subparagraph (A) for a given calendar year shall be determined by dividing 2 billion by the sum of 2 billion plus the number of emission allowances established under section 721 (a) for the previous year, and multiplying that number by 100.

-- The privilege of purchasing, holding, selling, exchanging, transferring, and requesting retirement of emission allowances, compensatory allowances, or offset credits shall not be restricted to the owners and operators of covered entities, except as otherwise provided in this title.

Sets forth an allocation scheme for emission allowances.

--(1) The Administrator shall auction pursuant to section 791 emission allowances for the benefit of workers pursuant to part 2 of subtitle B of the American Clean Energy and Security Act of 2009 in the following amounts, and shall deposit into the Climate Change Worker Adjustment Assistance Fund established pursuant to section 793, and report to the Secretary of Labor on, the proceeds from the sale of these allowances:

-- If the Administrator determines that a reversal was intentional, the offset project developer for the relevant offset project shall place into the offsets reserve a quantity of offset credits, or combination of offset credits and emission allowances, equal in number to the number of reserve offset credits that were canceled due to the reversal pursuant to clause (i).

«(2) if such multiple holders have expressly provided for a different distribution of emission allowances by contract, that emission allowances and the proceeds of transactions involving emission allowances will be deemed to be held or distributed in accordance with the contract.

-- For each vintage year starting in 2012, the Administrator shall auction, pursuant to section 791, 15 percent of the emission allowances established for each year under section 721 (a), with the proceeds used for the benefit of low income consumers to fund the program set forth in subtitle C of title IV of American Clean Energy and Security Act of 2009 and the amendments made thereby.

-- If the Administrator adjusts under this paragraph the number of emission allowances established pursuant to paragraph (1), the Administrator shall use the carbon dioxide equivalent values established pursuant to section 712.

Allowances so retired shall not be counted as emission allowances established for that calendar year under section 721 (a).

«(3) to eliminate or reduce distribution of emission allowances under subpart 1 when such distribution is no longer necessary to prevent carbon leakage from eligible industrial sectors.

-- For vintage years 2012 through 2050, the Administrator shall allocate 1.05 percent of the emission allowances established under section 721 (a) for the Advanced Research Project Agency - Energy to be distributed in accordance with section 172 of the American Clean Energy and Security Act of 2009.

«(B) Insurance that provides for purchase and provision to the Administrator for retirement of an amount of offset credits or emission allowances equal in number to the tons of carbon dioxide equivalents of greenhouse gas emissions released due to reversal.

-- If the Administrator determines that a reversal was unintentional, the offset project developer for the relevant offset project shall place into the offsets reserve a quantity of offset credits, or combination of offset credits and emission allowances, equal in number to half the number of offset credits that were reserved for that offset project, or half the number of reserve offset credits that were canceled due to the reversal pursuant to clause (i), whichever is less.

«(C) upon sale of such international offset credits, the Administrator shall retire those international offset credits, and establish and provide to the purchasers a number of emission allowances equal to 80 percent of the number of international offset credits so retired, which allowances shall be in addition to those established under section 721 (a); and

-- The emission allowances provided pursuant to this Act to the States SEED Accounts shall support the implementation through State REEP programs of alternate means of creating incentives for, or reducing financial barriers to, improved energy and environmental performance in buildings, consistent with this section, including --

A qualifying project may receive annual emission allowances under this section only for the first 10 years of operation.